2021 ZAR to MKD Historical Review

YEARLY HIGH

3.7851 MKD

YEARLY LOW

3.2539 MKD

YEARLY AVERAGE

3.5255 MKD

2021 ZAR to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ZAR to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 6, valuing the pair at 3.7851. Conversely, the yearly low was recorded on January 7, dropping to 3.2539.

This high-to-low spread represents a total annual volatility of 0.5312 MKD. From a start-to-finish perspective, comparing the January average rate of 3.3503 to the December average rate of 3.4320, the exchange rate registered a net change of 2.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 3.7851 was down 3.30% compared to the 2020 peak of 3.9143, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 189,254 MKD

2020 Average 164,987 MKD

Yearly Trough Low 162,695 MKD

Transaction Impact: A difference of 26,559.15 MKD purely based on transaction execution date.

প্রবণতার চিত্রায়ন

2021 সাল জুড়ে মাসিক গড় ওঠানামা।

3.7059

3.3179

JanuMarcMayJulySeptNove

ZAR to MKD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 3.5188, compared to 3.5323 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0135 points.

H1 Avg (Jan–Jun) 3.5188

H2 Avg (Jul–Dec) 3.5323

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.2082 MKD (High: 3.5655 / Low: 3.3573). On the other end, April was the most stable month, with a tight range of 0.1242 MKD (High: 3.6344 / Low: 3.5102).

November Spread (Volatile) ±0.2082

April Spread (Stable) ±0.1242

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0963 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0963

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 3.6735) against the same month in 2020 (average: 3.2001), the exchange rate shifted by +0.4735 (+14.80%).

2021 Avg (June) 3.6735

2020 Avg (June) 3.2001

মাসিক বিশ্লেষণ

প্রতিটি ক্যালেন্ডার মাসের পরিসংখ্যানগত সারসংক্ষেপ।

Month	High	Low	Average
January	3.4422	3.2539	3.3503
February	3.5171	3.3467	3.4514
March	3.5534	3.3478	3.4575
April	3.6344	3.5102	3.5715
May	3.6721	3.5118	3.6086
June	3.7851	3.5953	3.6735
July	3.6586	3.5254	3.5909
August	3.6277	3.4378	3.5402
September	3.6879	3.4841	3.5875
October	3.6707	3.4687	3.5697
November	3.5655	3.3573	3.4734
December	3.5004	3.3745	3.4320

2021 ZAR থেকে MKD-এর ঐতিহাসিক পর্যালোচনা